Landlords celebrate rising rents and lower arrears

In October, UK rents rose by 0.4 per cent to £691pcm, surpassing September's high of £689, data from LSL Property Services' monthly buy-to-let index has shown.

David Brown, commercial director of the UK letting agents' network, partly attributed this growth to constrained mortgage finance which has stopped a number of first-time-buyers from getting on the property ladder.